Quote from: mchwierutSC on June 13, 2016, 05:22:47 PM

Quote from: jibble on June 13, 2016, 05:10:29 PM

Quote from: Geenstijl on June 13, 2016, 05:04:51 PM

Quote from: jibble on June 13, 2016, 05:02:32 PM

Its a token sale it's 0.80 btc because of 25% bonus.

The price of the coin is dependent on how much is invested , so 1 token is represented , then totals will be given out after final amount has been raised, in relation to how much people invested

To me, this does not make any sense.

It makes sense mathematically so i don't know what else to say, fundraisers/ipos determine the value of a coin with free market economics. The amount of money that goes in determines the price at which the coins are valued and bought at.

Each 1 coin is representative of 1 btc , so the coins that are being sold will be distributed like any other coins , in relation to how much you invested , the coins will be shared out.

because for the first hour the price is at a 25% bonus , 0.8 is the price per 1 coin , this allows people to buy at a price that is a 25% bonus

It's the labeling. The announcement says a price floor of 4500 BRK/BTC, while the ICO site basically says 1.25 BRK/BTC. The confusion is understandable.

What you're saying also makes sense: the ICO is selling 'share tokens' called BRK which will be redeemable for the BRK operational tokens. These will be distributed according to the final sale, and with a price floor of 4500 BRK/BTC, then 4500 per BTC invested would be the maximum amount of final BRK you get per 1 BRK pre-sale token.

Thanks for clearing that up though Jibble. It would be helpful to get confirmation from the devs that your characterization is accurate. They should have had different labels for the BRK 'share tokens' being sold on Bittrex and the final BRK that will be distributed according to those shares.

the 4500/btc floor is a minimum , if it raises more funds then you get less , but the floor currently if the minimum target isn't raised is 4500/btc (this is base price not accounting for the 25% bonus)

i have been on the slack for the last year + during active development i am 100% certain on this